Nissay Asset Management Corp Japan ADV Purchases 3,068 Shares of The TJX Companies, Inc. (NYSE:TJX)

Nissay Asset Management Corp Japan ADV increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,576 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,068 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in TJX Companies were worth $22,505,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter valued at about $26,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Finally, Promus Capital LLC purchased a new position in TJX Companies in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $0.33 during mid-day trading on Friday, reaching $133.37. 4,871,785 shares of the company traded hands, compared to its average volume of 5,353,315. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market cap of $148.98 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $133.90. The stock has a fifty day simple moving average of $124.30 and a 200-day simple moving average of $122.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. TJX Companies's dividend payout ratio is currently 39.91%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TJX shares. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley dropped their price target on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $137.25.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.